June 15, 2018        

Proctor and Hall
Leadership Thanks and Last-Minute Notes for Annual Meeting
All our bags are being packed--we're ready to go, and bankers are finalizing last-minute plans to attend the 2018 Annual Meeting that starts Sunday in Half Moon Bay, CA. We’ll recognize some new faces among our leadership after the meeting, but we wanted to take this opportunity to thank some bankers who will be completing their service on the GBA Board of Directors at this meeting: Chairman Palmer Proctor, Fidelity Bank, Atlanta, will pass the gavel to American Pride Bank’s John Hall. Outgoing officers and board members are Past Chairman Rick Drews, Century Bank of Georgia, Cartersville; Group-level board members Brent Sammons, Altamaha Bank & Trust Company, Vidalia; Ken Barber, ServisFirst Bank, Atlanta; Tony Collins, Southern Bank & Trust, Clarkesville; At Large board members Luke Flatt, AB&T, Albany; and Chad Gregory, Wells Fargo, Atlanta; Associate Member representative Jim Foyt, EBS, Birmingham, AL; and Leadership GBA representative Wade Johnson, Durden Banking Company, Swainsboro. Please join us in thanking these leaders for their service to your association. 
BSA Reform on the Way
The U.S. House leadership is fast tracking a bill, H.R. 6068, introduced this week by Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo) that would triple the dollar threshold for filing currency transaction reports to $30,000 and double the threshold for suspicious activity reports to $10,000. “We’ve been making the case that the unrealistically low thresholds result in tens of thousands of reports being filed and have seen little evidence there’s much value to law enforcement. It’s long past the time for the thresholds to be raised,” said GBA chairman-elect John Hall, American Pride Bank, Macon, who also chairs the GBA Public Affairs Committee. Learn more here…
What’s Effective Today from Reg. Reform Bill
There are 17 provisions of the recent financial services regulatory reform bill (S. 2155) that are now in effect, and four additional provisions will take immediate effect upon certain regulatory confirmations. Some of the provisions effective now include many of the consumer protections in the bill, some mortgage provisions and stress test changes. The HVCRE, reciprocal deposit, exam cycle and Volcker Rule changes will take effect immediately upon necessary regulatory confirmations. Learn more and get a link  to a full list and timeline from the American Bankers Association here...
Reminder: Most reciprocal deposits are no longer classified as brokered deposits for well-rated banks. GBA partner and Associate Member Promontory Interfinancial Network will be hosting free webinars this summer that will outline the opportunities and significant impact their ICS®, or Insured Cash Sweep®, and CDARS® programs can now make on a bank's balance sheet. Click the image below to register for one today. Please contact Promontory’s Danny Capitel, 770.630.6796, with questions.
Congratulations to Georgia Grads from the Graduate School of Banking at LSU
When it’s time for Georgia bankers to take the next important step in their banking career, they head to The Graduate School of Banking at LSU (GBS). Many of our state’s prominent bank executives and officers are graduates of the school, and we are proud of the Georgia Bankers who just completed their next step recently in Baton Rouge. See a list of all of the Graduate School of Banking graduates from Georgia here. GBS is overseen by a board that includes a banker from each state along with the state bankers association executive. Brad Barber, First National Bank, Bainbridge, is completing his four-year term on the Board. Thank you, Brad! With questions about the school, contact Joe Brannen, 404.420.2026.
Action Needed!
FHLBank Atlanta Election of Directors

The Federal Home Loan Bank of Atlanta has begun the election to fill certain directorships on its board of directors, including the member directorships for Florida, Georgia and Maryland and one independent directorship. The bank has sent eligible institutions information about nominating candidates from Georgia for the board of directors, including the nomination certificate and the nomination deadline. The term of the directorships to be filled in this election begins on Jan. 1, 2019, and ends on Dec. 31, 2022. More here…
National Forum Spotlight
Mutual Forum in D.C. July 25

The FDIC and OCC are hosting a joint Mutual Forum in Washington, D.C., July 25. Presentations will address topics of interest to the mutual bank industry, including regulatory and supervisory updates. The program will include panels with mutual bankers and senior agency staff. There also will be agency-specific sessions with agency staff. The OCC-specific session, for example, will include a discussion of the implementation of the recently enacted charter flexibility provisions.  Details and registration information...
Minority Forum by Fed Set for Sept. 27-28
The Federal Reserve System will host the third-annual Banking and the Economy: A Forum for Minorities in Banking in Charlotte, NC, Sept. 27-28. The Forum is designed to provide senior level or high potential middle management minority bank leaders with industry, leadership and professional development knowledge that will enhance their careers and networks. Register for the forum here...
Bostic Takes Boots on Ground Approach at Atlanta Fed
Raphael Bostic took the reins a year ago as the 15th president of the Atlanta Federal Reserve. During that time, he’s focused on visiting parts of the Sixth District to get a good feel for the varying conditions across the region, he said in an interview in Georgia Trend this month. “It’s interesting to go to the very corners of the district - it’s great talking to business leaders, talking to community folks trying to help build a vibrant economy,” he said. “You can send me a bunch of numbers. I can deal with a spreadsheet, run statistics and all that. That’s great, but it’s just a different understanding when I get a chance to talk to people, hear from them directly and get some concrete descriptions of what’s really going on.” His read on the Georgia economy is that it’s doing pretty well, but he worries economic growth is limited to major metro areas, he said. Read the article here...
Has the De Novo Dam Broken?
Recent press reports said there are a number of de novo bank applications in some stage of development in Georgia. And, there are also at least 20 publicly announced de novo bank groups nationwide in the formation process, according to a team of attorneys at GBA Associate Member firm Nelson Mullins. The firm’s Ben Barnhill, Ricky Davis, Neil Grayson and Brennan Ryan have provided an article for GBA outlining the trends they see in the emerging de novo market, including thoughts about capital needed, how it’s being raised and how long the process may take. Read the article here... 
Economist Lindsey Piegza to Kick Off 2018 Women in Banking Conference
Lindsey Piegza,Chief Economist and Managing Director, Stifel Nicolaus & Co., will be the opening speaker at GBA’s Women in Banking Conference this year. Piegza is a favorite of past attendees, and she’s known for making economic news and information interesting and easy to understand. Find out more about Piegza here. Be sure you’re among the growing number of women bankers who make this a priority growth and development event. For a detailed agenda, hotel information, and to reserve your spot at the conference, click here. Contact GBA’s Kathy Friestad with questions, 404.420.2024.
GBA Annual Leadership Conference
Where you Get the Ideal Combo of Learning, Networking and Family Fun

Is someone from your bank registered to attend this year’s Leadership Conference?  If not, they should be! Coming up July 16-19 at the Ponte Vedra Inn & Club near Jacksonville, FL, the GBA Leadership Conference draws a big crowd of young career bankers and their families from around our state. The in-depth programs and laid-back atmosphere makes it a favorite event on our calendar. And because the event is family friendly, the kids and other family members develop relationships that last for years to come, too. Join this special group at this special place. Click here to see the detailed agenda, reserve your spot, and to book your room. The early registration deadline ends June 30. Contact GBA’s Kathy Friestad with questions, 404.420.2024.  
Reminder - Speak up in Community Bank Survey
Please take the opportunity to give your input to an important annual pulse-check of the community bank environment. The Conference of State Bank Supervisors is conducting its annual survey of community bankers. Let’s be sure Georgia is well represented, as our Banking Commissioner Kevin Hagler, is vice chair of CSBS. Find out more and access a link to the CSBS survey here...
Get to Know More about GBA Strategic Partner Dart Appraisal
Dart Appraisal
has been focused on one thing since 1993 - providing custom appraisal management solutions. They were founded as an Appraisal Management Company (AMC), not an appraisal company, long before regulations required AMCs to exist as they do today. The company is one of the most experienced in the industry, the experience of their appraiser panela is unrivaled. Client benefits include…
Comp & Benefits Survey Deadline Extended to June 29
We’ve decided to extend the deadline for all components of the 2018 GBA Compensation and Benefits Survey to June 29 based on member feedback. We want to make sure as many banks as possible have the opportunity to participate. If you have not done so already, please take part in this annual effort that provides a resource that can help all banks structure strong compensation and benefits programs. Details are below:
  • Non-Salary Survey and Board of Directors Survey responses due date is June 29, 2018
  • Salary Survey response due date is June 29, 2018
  • Access instructions and the password have been emailed to CEOs and HR contacts. Contact David Oliver if you did not get it.
  • Participate so you and your peers have the most comprehensive overview of the Georgia market available. Results are only $150 for banks that provide data for the Salary and Non-Salary components.
  • To access the website and participate click here...
Better 401(k) Participant Outcomes through Managed Account Solutions
After the plans under the GBA Master Trust transitioned participants into a Managed Account Solution (the “UnifiedPlan”) offered through Unified Trust Company, almost seven of every 10 participants in the Trust are on track to retire successfully with at least 70 percent of their current income. The industry average of participants on track for retirement is only 25 percent. We are proud of this plan statistic and expect it to continue to increase as more plans make design changes for better outcomes. more than half of our member plans implemented design changes such as automatic enrollment and/or automatic annual increases in deferral rates each year. Automatic enrollment, automatic increase of deferrals, and oversight of investments through a Managed Account, is a great way to ensure participants are ready to retire. Read mroe from GBARS here...
Flood Insurance Workshops for Hart and Lincoln Counties June 28
Using the most current data and the latest modeling and digital mapping technologies, the Georgia Department of Natural Resources (GA DNR) in coordination with FEMA has released preliminary Flood Insurance Rate Maps depicting the current flood risks for portions of Hart and Lincoln Counties. Local officials in Hart and Lincoln Counties have partnered with GA DNR to hold an Insurance Workshop to cover the changes. The workshop is June 28 from 9:30-11:30 a.m. at the Hart County Agro-Science Center, 1951 Bowman Hwy, Hartwell GA. 30643. Register here...
Fill a Job, Find a Job with the GBA Job Bank
The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA's Bo Brannen at 404.420.2014.
GBA Community Connections
We want to share all the good work GBA members do to support their communities. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Bo Brannen and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment…
Synovus Bank
The Heritage Bank
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Bogan Brannen.